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NBC
Feb 5, 2013 7:00am EST
ignoring the nation's economic challenges, critics say. >> our economy could use some presidential leadership right now. >> reporter: immigration reform is critical, they say, to helping the nation's economy. those coming here to meet with the president, ceos from companies like yahoo! goldman sachs and coca cola. natalie? >> thank you so much, peter. >>> secretly laying out conditions for carrying out targeted killings of suspected american terrorists that are different than officials have explained publicly. according to a membero obtained by nbc news. it expands the definition of self defense and what qualifies as an imminent threat of violence and says that these cases are lawful killings and not assassinations. >>> let's head to wall street. cnbc's kayla tausche is at the new york stock exchange. >> speaking of the department of justice, the doj says that standard & poors misled investors. this will be the first federal enforcement agen enforcement action against a credit rating firm. stock market rally has hit the pause button for now. experts say we're still on pace for big
NBC
Feb 2, 2013 7:00am EST
. >> the economy is slowly improving. it's not fast enough for some, unemployment is too high. some of the key economic indicators are definitely getting better. >> reporter: what's going right for the economy? manufacturing and construction activity has picked up, while the unemployment rate edged up to 7.9% in january, we also learned that more jobs were added in 2012 than first reported. meanwhile, fear of a financial crisis is lessening. back in portland, julie ober's job hunt is now over. >> i got the job! >> reporter: one more piece of economic news -- gas prices, they are moving to the upside and fast. averaging nationally $3.46 a gallon, up 13 cents in a week, up almost 20 cents in a month. of course, you'll pay more if you're in california or the great lakes or east coast. for "today," tom costello, nbc news, washington. >>> time to check some of the morning's other top stories. >> with jenna in new orleans, tom llamas is filling in. >> reporter: good morning. we start with another attempt to rein in iran's nuclear ambitions. vice president biden says the u.s. is prepared to h
NBC
Feb 4, 2013 7:00am EST
a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. ♪ ♪ "love" a collection by prabal gurung, exclusively at target. >>> still ahead, we're jumping for joy to begin our countdown to the winter olympic games in sochi. >> after your local news. i love cheese. did i say i love chocolate? i'm human! and the new weight watchers 360 program lets me be. the reason i'm still in this body feelin' so good isn't because i never go out and enjoy the extra large, extra cheese world we live in. it's because i do. and you can too. because when a weight loss program is built for human nature you can expect amazing. introducing the new weight watchers 360 program. join for free and expect amazing. because it works. [ all kids ] twooooo! [ moderator ] you sure? i am absolutely positive! [ little boy ] two times is awesome. the thing i can do is wave my head and wave my... that's amazing. i've never seen anything like that. look i can do -- hold on -- i'm watching this. i'm getting dizzy... [ male announcer
NBC
Feb 2, 2013 5:00am PST
%. cnn has seen a mood shift on wall street. the economy is slowly improving, not fast enough for a lot of people. unemployment too high. some key economic indicators are getting better. what's going right? manufacturing and construction activity picked up. the unemployment rate edged up to 7.9% in january, we learned that more jobs added in 2012 than first reported. fear of a financial crisis is lessening. back in portland, julie's job hunt is now over. >> i got the job! >> reporter: one more piece of economic news. gas prizes moving to the upside and fast. up 13 cents in a week. up 20 cents in a month but, of course, you will pay more if you are in california or the great lakes or the east coast. for "today," tom costello, nbc washington. >>> time to get a check of the day's other top stories. >> with jenna in new orleans, tom is filling in. >>> good morning, everyone. we start with another attempt to rein in iran's nuclear ambitions. vice president joe biden says that the u.s. is ready to hold talks, but only if tehran is serious. biden says there is type for diplomacy to succeed, bu
NBC
Feb 6, 2013 7:00am PST
take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >> announcer: "today in the bay" weather is sponsored by bank of the west. >> 7:17. a spectacular sunrise. this is san jose. a beautiful start to the day. sun will set tonight around 5:39. highs in the 60s. 60 degrees in livermore. 61 is for gilroy. 60 in san jose. it will be warm, mild compared to where we are headed. enjoy the day while it lasts. we have showers around the corner. starting to oh develop tomorrow morning. that will last until friday. then low snow levels. >>> all right, back to you. >> okay, al. we'll find out what happened later. thank you. olympic gold medal winning skier lindsay vonn is determined to return tore next year's olympics after suffering devastating injuries in a scary crash. in austria vonn had to be air lifted to a hospital. good morning to you. >> reporter: good morning, for 12 long minutes lindsay vonn lay on the course surrounded by medics. you can see the course snaking through the trees behind me there. in the last few hou
NBC
Feb 1, 2013 7:00am PST
unemployment rate dixes up a hair to 7.9%. but thanks to revisions the economy added one third of a million more jobs in 2012 than previously estimated. a large part of those jobs coming in the final months of the year. this as the dow closed out its strongest january in 19 years as we eye 14,000 yet again. >> thank you. >>> and dozens of people are dead in mexico city after a massive explosion rocked a state-owned oil complex. rescuers are searching through the rubble as investigators search for the cause of that blast that killed at least 32 people and injured more than 100 others. >>> the los angeles archdiocese is apologizing announcing that move -- a move of thousands of pages of personnel files have been released, detailing years of alleged abuse by l.a. priests. former cardinal roger mahony has been stripped of his public duties for his role in covering up alleged child sex abuse by priests. >>> another school shooting is under investigation. this one in atlanta. a 14-year-old boy is recovering today after he was shot in the back of the neck. police say they have the suspected shoote
NBC
Feb 6, 2013 7:00am EST
economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >> good morning. it should be a quiet day weather-wise. there is a slight chance for some sprinkles or flurries. >> all right. back to you. >> okay, al. we'll find out what happened later. thank you. >>> olympic gold medal winning skier lindsey vonn says she's determined to return for next year's olympic games in sochi, russia. in austria where vonn had to be air lifted to a hospital, keir, good morning to you. >> reporter: matt, thank you. lindsey vonn laid on the course. you can see the course snaking through the trees. her doctor has spoken to her and he says she is so determined that she's already talking about how she'll recover. >> lindsey vonn, trying to find the perfect grip. >> reporter: halfway down, making a jump and turning. then a horrific crash, tumbling out of control and harrowing cries. her emotion reveals how her right leg sprained, knee twisted, ligaments torn and a bone fractured. her sister's reaction said it all, fellow competitor looking shocked. vonn was air l
NBC
Feb 6, 2013 4:00am PST
government going up by 25%, in part, because of the fiscal cliff deal. also because the economy is improving. richard? >> tracie, we'll take under 1 trillion right now. thank you. >>> a major decision expected today from the boy scouts of america. national board members set to vote on whether to lift a decade's long band on gay leaders and scouts. the final day of a three-day meeting of officials. a controversial issue drawing fire from both sides and putting one of the country's largest youth organizations under a microscope. president obama said over the weekend that scouting should be open to everyone while texas governor rick perry expressed the opposite opinion. if board members scrap that policy, they will be able to decide for themselves to admit gays to their ranks there. >>> on the heels of the boy scout's decision, the pentagon is announcing a paolicy shift fr service members and their partners. expand some benefits to same-sex partners of military personnel. new perks like issuing military i.d. cards and granting access to various spots on bases or posts are said to be i
NBC
Feb 6, 2013 4:30am EST
education or clean energy, not to mention the growth of the entire economy should be put in jeopardy because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs we agree need some reform. >> republicans are criticizing the president for failing to submit his budget proposal to congress before the government deadline, which is the first monday of february. he's missed the deadline four times in five years. >> we could learn more about the proceedings of the man accused of killing chandra levy. they will hold a hearing today to discuss reporters' requests about closed proceedings. we aren't sure what the hearings were about. guandique a may have the conviction overturned because a key witness in the trial is not credible. >>> in the child sex abuse charge against him, lawyers for rick curl filed document for an agreement but no deal until the incompetent pear work is signed. a document says a girl was sexually abused starting at 13 years old. he could face prison if guilty. he's due in court on february 21st. >>> redistric
NBC
Feb 1, 2013 4:30am EST
economy added about 155,000 jobs last month. it's averaged about 150,000 jobs per month for the past two years. >>> there will be a changing of the guards at the state department. this is hillary clinton's last day as secretary of state. she will say goodbye to employees this afternoon. john kerry will be sworn in this afternoon. he's resigning from the senate where he served for five terms. >>> it now appears the obama administration is ready to take a more active role in the crisis in syria. vice president joe biden will meet with the head of the syrian opposition. they'll meet tomorrow in munich at a security conference. this is the highest level meeting since it began the uprising nearly two years ago. more than 60,000 people have been killed in that war. chuck hagel is expected to be confirmed as defense secretary despite a rough day of questioning on capitol hill. his record as a senator caused frequent concern for the senate armed services committee. in 2001 hagel voted against sanctions on iran to stop the country from obtaining nuclear weapons. he apologized for his offensive co
NBC
Feb 1, 2013 6:00am EST
believe the economy added about 155,000 jobs last month. it's averaged about 150,000 jobs a month for two years. >>> 6:04 right now. the obama administration is ready to take a more active role in the crisis in syria. vice president swroe biden will meet with the head of the syrian opposition. they'll meet tomorrow in munich at a security conference being held there. this will be the first time that a high-level u.s. meeting has happened since it started the uprising two years ago. more than 60,000 people have been killed in that war. >>> the senate will vote next week on whether to confirm chuck hagel as defense secretary. political analysts expect him to win approval despite a brewing confirmation hearing yesterday. he was grilled on his stance on iran and israel. if confirmed, he'll succeed leon panetta. >>> we'll find out if a mistrial will be declared in the case of a former culpeper police officer. two dictionaries and a thesaurus were found in the swrir room after the verdict was handed down on tuesday. jury members apparently looked up the definition of the word malice which s
NBC
Jan 30, 2013 4:00am PST
country, foreign workers, hi-tech workers to stay. richard? >> so for california's economy. john kerry will be the official secretary of state. only three opposed. senator kerry immediately submitted his resignation to massachusetts governor who later today will announce his choice to replace kerry on an interim basis. a new election will be held june 25 25th. >> s.e.c. clinton reflected on her time in office. >> what do you think didn't go well? what went wrong? >> well, benghazi went wrong. you know, that was a terrible example of trying to get the right balance between being in a threatening place or not being there. >> reporter: when she campaigned against barack obama, she said she was better prepared to handle world crisis. >> there's a phone in the white house and it's ringing. >> when that phone call rings at 3:00 in the morning who is best prepared to answer it in 2016? >> well, that is to be decided by the american people. but one thing i've learned the phone rings day and night. >> reporter: but after a fall damaged her left eye temporarily requiring glasses with a spe
NBC
Feb 1, 2013 4:00am PST
we're seeing some different indicators in terms of what the economy is doing. that debt ceiling vote the senate has approve it, the house already did so we can borrow morgan to pay our bills through may. congress at that point will have to deal with it again. richard? >> tracie potts in washington. thank you. new yorkers are waking up to the news of the passing of an icon, one of the city's and nation's most outspoken and popular politicians, ed koch has died of congestive heart failure. he served in world war ii and later was elected to three terms as mayor of new york city. ed koch dead at the age of 88. dramatic and contention day of testimony for senator charlie hagel. >> reporter: john mccain seized on hagel's opposition to the surge in iraq. >> the question is, are we right or wrong? that's a pretty straightforward question. >> well, i'm not going to give you a yes or no answer. >> reporter: over his 2008 comments related to israel that a quote jewish lobby intimidate a lot of people in congress. >> name one person in your opinion who is intimidated by the israeli lobby in the
NBC
Feb 3, 2013 6:00am EST
journal report, and there was a softening of the economy, and there's a lot of talk about d.c. being recession proof, but in the context of who administered the funds congress has to approve what the district does, and congress puts restrictions on they have to pay the money back in two years and it's like a savings account and not an account where you spend a lot of money. and the mayor was told he would spend the money on homeless services and support for affordable houses. >> and i believe the mayor supports pay raises for city workers. and one of the keys of what to do with the money is gandy. >> it seems like mayor gray is going along with him because you don't know what is happening in the next three to four years that will affect the city. you talked about congress having its eye on the district of columbia and you talk about the services again and affordable housing. this is a big, big ghost over washington. because there is no affordable housing right now and something is going to have to be done about that. >> lots of places to spend the money and the people that want to sp
NBC
Feb 2, 2013 9:00am EST
vehicle that gets best in class fuel economy with a lighter chasis, better engines, high compression vehicles. >> it will hit the road when? >> mazda 6 has launched this month. we have begun selling the cars at our dealerships. >> and they're prized around? >> mazda 6, starts at around 21,000. >> peter, ron, thank you both very much. >> this is the hyundai velocity. originally it doesn't have a lot of horsepower under the hood, but they have gone to 28 horsepower to now more than 200. this car comes standard with a six-speed manual transmission. if you want to upgrade, you always have the option for the automatic too. the other cool thing about honda is it has a wide. >> -- in 1978, i was just a teenager, but i loved cars even thrown. i remember this car t 1978 trans am. i know it's a new car show, but we're also talking classic cars as well. take a look at this ride, not made for street, but made for track with it's modified engine out of the hood and look at those wing style doors, who wouldn't want to get some wind out of that. that one puts out serious horsepower. and how about g
NBC
Feb 1, 2013 4:30am EST
the country needs to see right now to move forward. the economy on a bit of a see-saw. republicans here say the president having a hard time explaining that. his jobs council expires today. meantime as you noted, the dead ceiling has been extended allowing more borrowing through late may. what congress has not done prevent the big spending cuts coming in march. we'll follow that. >> tracie potts in washington, thanks so much for that. >>> the family of a 5-year-old boy being held captive in alabama say they are, quote, holding on by a thread, waiting for that boy's release. tuesday, 65-year-old jimmy lee dykes is accused of kidnapping the boy and killing the bus driver. ethan is held in an underground bunker and reportedly not been harmed. negotiators have been talking to dykes through a pipe but say there are no signs of progress. >>> it was a dramatic and contentious day of testimony for chuck hagel. nbc's kelly o'donnell has more. >> reporter: john mccain seized on hagel's opposition to the surge in iraq. >> the question is, are we right or wrong, that's a pretty straightforward
NBC
Feb 1, 2013 4:00am EST
third straight month according to fact set. they believe the economy added about 155,000 jobs last month. it will be an emotional day at the state of illinois department tod -- state department. she'll say goodbye to state department employees. john kerry will be sworn in this afternoon as her replacement. she says she knows she's leaving it in good hands. >>> the obama administration is ready to take a more active role in the crisis in syria. joe biden will meet with the head of the -- this will be the highest level u.s. meeting with syrian opposition since it began uprising nearly two years ago. more than 60,000 people have been killed in that war. >>> defense secretary nominee chuck hagel expected to be confirmed despite a contentious confirmation hearing. he spent hours answering questions from the armed services committee in the senate. lawmakers wanted clarification on various positions hagel has taken in the past. at one point he grappled over whether he was wrong to oppose the 2007 surge in iraq. >> were you correct or incorrect when you said that the surge would be the mos
NBC
Feb 3, 2013 9:00am EST
they are affect your livelihood. >> and preparing for one part of the economy everyone agrees is expanding as the cyber threat spreads. pete williams, nbc news, washington. >> nobody is safe. >> one of our viewers and twitter followers, the snow is coming down out there, and it added up to almost an inch there already. we have almost seen this much snow here in washington over the course of the weekend and we have about that much more to go. here is a look from our city camera view looking back towards washington. a faint view of the washington monument. and the dome almost completely obscured right now. and capitol somewhere -- wait, there it is right there. and low visibility with low clouds and a light snow starting to come down as well. again, just like the last few and a lot of folks on twitter have been talking with me how frustrating we are measuring snow in the tenths of an inch this winter, but that's all we can do. 27 manassas, and 28 leesburg, and 34 in culpepper, virginia, and so your sunday start here by 10:00 a.m., temperatures inching up to the freezing mark and ev
NBC
Feb 1, 2013 5:00am EST
economy added about 155,000 jobs last month. it averaged about 150,000 per month for the past two years. >>> it appears the obama administration is ready to make a more active role in the crisis in syria. vice president joe biden will meet with the head of the syrian opposition. they'll meet tomorrow in munich at a security conference. this will be the highest level meeting since it began its uprising nearly two years ago. more than 60,000 people have been killed in that war. a vote is expected on the confirmation of chuck hagel as second of defense. he spent hours answering questions from the senate armed services committee. lawmakers wanted clarification on various positions hagel has taken in the past. he had one con stentious explanation with john mccain. >> were you correct or incorrect when you said that the surge would be the most dangerous foreign policy blunder had this country since vietnam? >> i'm not going to give you a yes or no. i think it's far more complicated than that. >> if confirmed, hagel, will replace leon panetta as defense secretary. he'd be the first vietn
CSPAN
Feb 6, 2013 7:30am EST
only working with the economy is beginning to turn the corner? >> i'm grateful to my honorable friend. i think we should listen very carefully to what the governor of the bank of england said. we have said of course that growth is slower than we would like, but the economy is moving in the right direction. the rebalancing is taking place. the things that need to be fixed in our economy in terms of bank lending and housing supply, these things are being fixed. that's what this government is determined to do. >> one of my constituents has learned that when the bedroom tax is introduced she will have 24 pounds a week to live on. she is so anxious about how she's going to manage. she is having cognitive behavior therapy. but her anxiety is totally understandable. does the prime minister agree with me that those who should be receiving the cognitive behavior therapy are the ones, namely his ministers, who think she could live on 24 pounds? >> i think the party opposite does have to address the fact that for 13 years in government they were perfectly content to have a housing benefit system
CSPAN
Jan 29, 2013 6:00am EST
. second, we reform our legal immigration that will build the american economy and strengthen american families. third, we create an effective employment verification system that will present identity theft and tend hiring of future unauthorized workers and lastly, we establish an improved process for e admitting future workers to serve our work force needs while protecting all workers. other bipartisan senators have stood in the same spot before trumpeting similar proposals. but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there is more political risk in opposing immigration reform than in supporting it. opportunity to act. but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill that solves the problem and becomes law. we recognize that
CSPAN
Jan 28, 2013 11:00pm EST
the third largest economy in the world. pursuing what looks like a deliberate policy of driving down the exchange rate that would potentially have destabilizing effects. after all, japan is not a deficit country. it is still like a strong external position. how would you want those two concerns with people outside japan and how they feel about what you are doing? [inaudible conversations] >> thank you, martin. first of all, you might say that it could undermine the central bank. in the case of japan so far. there has not been any undertakings to share the information that was recovered with the central bank. for the first time we came to an agreement of 2% inflation and the central bank declared that through our own efforts to achieve this ability and in the part of government, in order to achieve growth in the fiscal consolidation for both government and the bank of japan, apparently this is past. so that is the purpose of the joint statement. it is not any divergence from the international standard. then based on that, there is deliberate attempt to drive back down. we in the gover
CSPAN
Jan 31, 2013 11:00pm EST
to individually to economies of scale. retirement income options would be current and former employees that have little incentive to do so. our defined contribution system is not perfect, but there's other things to make it substantively better. in conclusion we can increase coverage by creating a low-cost mechanism for small employers can benefit from the east of payroll deduction to fund a retirement savings account. we can encourage employers and ways for higher employer contribution rates. third, we can limit plant them for three can encourage the adoption of annuity options. thank you. >> thank you, dr. madrian. ask around the five-minute questions. i want you to know we are looking at the leakage problem and something i've become more aware of and hopefully this committee will be looking at the shortly. let me ask you -- share this retirement plan, a key open issue is that the contribution rate should be. those who have been working on developing this plan have thought about it not for social security between employer to give you contribution was some low threshold empl
NBC
Feb 1, 2013 6:00am PST
to shrapnel just ahead. >>> the u.s. economy jobless rate ticked a bit higher. we'll look at the exact numbers coming up in business news. >>> let's take a look back at the ferry building. that's our christina loren with the "today" show's al roker mixing it up with the live crowd. he joined christina for an interview earlier. we'll be back in minutes. first, a 49ers flashback. >> second and seven. throws across the middle. complete. heading to the corner. walker. [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. that's why i got them pillsbury toaster strudel. warm flaky pastry with delicious sweet filling my kids will love. plus i get two boxtops for their school. toaster strudel. the one kids want to eat. >>> welcome back. right now it's 6:14. time for a quick check of the day's top stories. amber alert in oakland. california highway patrol says a 1-year-old was kidnapped overnight
CSPAN
Feb 5, 2013 6:00am EST
where the political economy of the reconstruction of the malian state then becomes the next challenge. because if there is an incentive for southern military officers and northern rebels to remain linked because of that contraband issue, we will have to overcome that in order for civilian leaders like yourself who come to the floor and then reconstitute the malian state. if that's the case, then our challenge is considerably more complex than what i thought it would be at the beginning of this two-hour conversation. now, this conversation has value because we now have rearticulated a particular challenge, the political economy that underlies the future reconstitution of the malian state. going to your question about niger, niger has been advantage into the present moment because there's not the degree of animosity in niger between the tuareg people and the other ethnic groups within mali. and furthermore, the new president of mali specifically designated -- niger, specifically designated as his minister of defense, someone from the tuareg community, which then provided for p
CSPAN
Feb 4, 2013 8:00pm EST
to put our trust, atom bomb, resources in our economy, this congress said no, our motto would be in god we trust. and when i was a young boy, john kennedy facing the cuban missile crisis said this, the guiding principle of this country has always been, is today and will forever be in god we trust. mr. speaker, with that great history of faith, why is it that faith is under attack so much across this nation? well, mr. speaker, tune in, because in a few weeks, we will be back on this floor and we'll tell you who's doing it and why they are doing it and what we need to do to stop it. i thank you and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 3, 2013, the gentleman from new york, mr. jeverries is recognized for 60 -- mr. jeffries is recognized for 60 minutes as the designee of the minority leader. mr. jeffries: i ask for unanimous consent that the -- be entered into the record a letter from the distinguished gentlelady from texas, mrs. johnson. the speaker pro tempore: without objectio
NBC
Feb 4, 2013 5:00am PST
are expected to start on may 1st. also pretty good news for the economy. virgin says it will add 15 workers to this airport once it starts its service here. live from san jose international, marla tellez, "today in the bay." >> all right. see if it brings everyone else's prices down a bit. >> we hope for that. 5:09 right now. coming up, it was the attack of the killer bees. there's more. we'll take a look at the super bowl commercials that people will be talking about all morning long including one focusing on a 49er superstar. >>> is it possible one of the best commercials didn't run on tv at all? we'll take a look coming up in business news. >>> a live look outside from the south bay this morning. traffic picking up just a little bit. we'll help you get through this monday morning especially as 49ers blues a bit. we're all in it together. 5:09 right now. >>> one of our favorite shots to show is live in our control room. that is where the power and magic happens. all those people in there waving and making it go for us. we thank you very much for making us look good and smooth. all
CSPAN
Jan 31, 2013 6:00am EST
wire. the economy, the oil industry, electricity and different things. so when those o things were unhinged, not only did sectarian plussations come up, but they weren't a civil war waiting to happen. they weren't as strong as that. but when you cut everything else, you suddenly cause things to happen. if you think about it, you're a civil servant who lives in baghdad, and you've got a job in the government, you're in the baath party or something like that. you lose your job either because you're a baathist or things happen, and you lose your job. now you're live anything baghdad and you don't have electricity, and it's 125 in the summer. now, live in a place where it's 125 degrees, you have no job, you've got a wife, several children. several things have happened. one, you didn't like saddam hussein, but you had a job, you could take care of your family, and you didn't have foreigners driving around looking at though they are occupiers whether they are or not. so you get all the negatives of seeing a foreign opposing power and none of the positives of having saddam hussein overthr
CSPAN
Jan 30, 2013 7:30am EST
opposition talked about the economy, he sounds just like an extraordinary undertaker looking forward to a hard one to? does he not accept that you cannot get out of a debt crisis by borrowing more money? >> my honorable friend makes a very good point. the fact is the economy that we inherited was completely unbalanced. it was based on housing but it was based on finance. it was based on government spending and those based on immigration. those were for incredibly unstable pillars for sustained economic growth. what we that it is a major recovery operation. that operation is still underway but you can see in the new jobs created in the private sector businesses that are expanding them into new people signing up the businesses we are making progress. >> george galloway. [shouting] >> following yesterday's announcement, will the prime minister -- [inaudible] the key differences between the and chopping, crosscutting jihadists, fighting a dictatorship and valley that we are announced to kill, and the equally bloodthirsty jihadists that we're giving money, material, political and diplomatic su
NBC
Feb 5, 2013 6:00am EST
leaders today. they'll talk about what his proposals might mean for the economy. >> hallie jackson, thank you, and have a great day. >> we all know gas prices taking a big chunk out of our wallets. gasoline and expenditures for the average american household topped $2,900. that is the highest estimated percentage in nearly three decades. apple put apps on themaps but google is gaining ground. jane king has the bloomberg business report. good morning, jane. >> good morning. the baltimore ravens big win was the good news for investors. stocks do better when the super bowl champion trace their beginnings to the nfl rather than the american football league. the ravens are an original member of the nfl. we will have to wait and see. there was a down day for stocks yesterday. it looks like a bit of a rebound for the start of things this morning. apple is out with a new ipad today. apple is working hard to fend off rivals. they may be losing out when it comes to apps. three-quarters of handsets sold in the market are now powered by the droid operating system. oven is no longer geared to girls. t
CSPAN
Jan 29, 2013 1:00am EST
quote immigration is good for america and good for employment and good for a growing economy. to have people who will pay taxes, who will contribute to the economic well-being is a very good thing, and we aim to get it done.
CSPAN
Jan 30, 2013 11:00pm EST
of time to essentially double fuel economy up to 54.5 miles per gallon. it does it in a way that collaborates with the automakers themselves in a way that will produce the kind of cars that are safe and effective and performed the way americans consume or want to see and will really provide tremendous societal benefits. so what is a win for everyone and that is my basic message. if you look at it on the climate change site, what we're talking about is over the course of 2012 through 2025, vehicles will reduce carbon pollution by 6 billion metric tons. were talking about 12 and arrows of oil saved. these are numbers not to be sneezed at, ladies and gentlemen. these are very large benefits for society. we saw automakers standing up, touting this initiative because they knew they could produce cars are more efficient and consumers who want to purchase. on the consumer side, perhaps consumers here are the biggest winners of all. they're going to get cars that perform the way they want better safe, that is, provide them utility they need, but they're going to save money in their pocke
CSPAN
Feb 4, 2013 10:00am EST
. there is nothing else that impact our economy so directly as energy. whether it is individuals that are struggling to fill up their gas tanks, pay their electric bills, whether it is business leaders making decisions on investments based on the cost of power server farms or smelters, we recognize lower cost is better and that's what everybody is seeking. there are those who would have you believe that the best way to reduce energy's direct cost is simply to raise the direct cost so that we discourage energy use. my friends, this is a self- defeating policy. lowering the direct cost of energy is key to helping the u.s. economy recover and prosper. absolutely keep. next is clean. as we attempt to minimize indirect costs by driving up these prices, i would suggest this is a policy that is doomed to economic and practical failure. instead, we have to be aware of the impacts of every type of energy and make rational, informed decisions on what is acceptable, what needs to be mitigated, how do we do just that? our challenge here is to reduce the cost of cleaner sources of energy, not rais
CSPAN
Feb 1, 2013 8:00pm EST
rising to 7.9%. it's hovered in that range for a number of months. to be sure the economy created jobs but it's at a relatively modest pace. we had a report recently of a contraction in the nation's output in the fourth quarter of last year. increasingly you have people like laura tyson writing columns calling for the need for a plan for faster growth, not deficit reduction. what is the president -- i know you've talked about how all the president's plans envision job creation, but what does the president tell his advisors when he sees these signs of a sluggish recovery? what is he asking in the way of things to speed recovery, create jobs and stimulate growth? >> i'll go to the narrow question first. every time the president meets with his economic advisors to discuss policy proposals and refinements to existing policies, the focus is on job creation and economic growth. and that includes when we have discussions about deficit reduction. as i've said many times and as the president has made clear, deficit reduction is not a goal unto itself. it is a means to, if done right , the
CSPAN
Jan 29, 2013 1:00am EST
television debate. >> there is no question that the economy is what the elections are about. but i would point out to the scholars that there were two chefs in public opinion during this campaign. the first one came after the first debate. when suddenly, here came romney and people said, that look like obama was going to run away with it, and the second change came at the end of the democratic convention, after the speech by bill clinton. these chefs do change minds and i think fat they are one of the best parts of the campaign process and i think that we need to have more debates. >> but let me say to the scholars, they overlook the obvious and maybe that is why they are scholars. [laughter] no, that is applied -- that is not a put down. scholars need to go beyond the obvious. that is what makes them scholars. what is obvious is that 64 million people watched the first debate. four years ago was about the same number and there was no two-one change like there was in 2012 of what the debates too, they are confirming exercises. and the scholars tend to say, they did not change any v
NBC
Jan 30, 2013 6:00am PST
from on a long chain of reports. problems this morning with the american economy. we'll look at it in business news. >> let's take a live look at the 49ers stadium under construction in santa clara. so much work done. we're back in two minutes. first, check out this 49ers flashback. >> over the shoulder catch! bounces away! bounces away again! a spectacular touchdown catch. 51-yard touchdown play. >> hollywood script. lucky charms?! ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious ♪ the one and only, cheerios >>> welcome back. seven people injured as result of a crash. a new electric tolling system is in place. christine smith is live at the bridge now. she'll have a live report at 6:30. >> it's 6:13 now. time for a quick check of the top stories. a representative from the nra will testify with mark kelly, the husband of former congresswoman gabrielle giffords who survived a gunshot to the head. >> three area baseball players linked to clinic that sold performance enhancing drugs. this according to a miami newspa
CSPAN
Feb 5, 2013 1:00am EST
inclusion, the better we are. women joining the work force has not diminished men. it expands our economy and opportunity for all. the education of poor people in the inner-city does not take away from others, it expands our economy and makes us all do better. this is the ideal of our country. as the rabbi would tell me, the jewish saying, that jews together are strong, but jews with other people are invincible. he african saying that spiderwebs united can tie up a line. the very principle of this country, one of my advisers told me one of the fundamental principles of islam. the oneness of the community. we recognize dependency and see strength. that became the problem solving idea that i took on. i began looking at what other cities around america were doing. i came over to mayor bloomberg, who i called the obi-wan kenobi of mayors. all of us young padawans come to see what is going on over here. i could not wait to talk about climate change. the time is now. we just focus on cities where the carbon output is significant. if we do pragmatic things, we are going to make change. he starte
NBC
Feb 1, 2013 6:00am EST
%. >> we will see positive economic growth and job creation this year. >> the economy shrank by a tenths of a percentage point. >> president obama spent an entire election promising americans ever return to robust economic growth was right around the corner. >> there was a fourth quarter economic shrinkage. the economy is seeing some bright spots. more people buying cars. when it comes to unemployment, the long-term outlook is grim. >> building study and near 8% is not where we want to be. >> some of the biggest challenges revolving around what is happening here in washington and the uncertainty over the debt ceiling. hallie jackson come wbal-tv 11 news. >> seeing a shift for the super bowl. the commercials are more of a start than the players. jane king has the bloomberg business report. veggies over pizza? >> i know. i'm not sure if i believe that. lockheed martin is seeing record profits on the horizon. the cfo says the company is not looking at any planned job reductions. facebook is trying out gift cards to get users stay on the site longer. now they include target. a down day for t
CSPAN
Feb 1, 2013 10:30pm EST
. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year or two ago. balance sheets are repairing. yes, things seem to be heading in the right direction. but i also think that people often make the mistake of confusing the level for the growth rate. i think we need to understand that even if the economy grows at 2% or 3% this year which seems to be the optimistic b
NBC
Feb 6, 2013 6:00am EST
cuts kick in and the economy slows down, we will all feel the impact. nearly everybody in washington wants to avoid that. the question is how? another day, another dollar, another fiscal fight in washington. the issue is massive spending cuts. there will take effect march 1. it is called sequestration. we're not supposed to get to this point in the first place. >> sequestration was never intended to happen. >> it was a proposal meant to spur lawmakers into action to come up with a budget that everybody could agree on. >> cuts could slow down the economy. pentagon leaders are deeply worried about the impact on the military. the president says if congress cannot cut a big deal -- >> they should pass a smaller package of spending cuts and tax reforms. >> he is thinking short-term. get us to the fiscal year. give congress time to work on a budget. >> they should have a chance to come up with a budget instead of making cuts now that will slow down the recovery. >> both sides agree something must be done. but how? that is the fight. republican leaders are digging in their heels.
CSPAN
Jan 29, 2013 6:00am EST
'60s, as white americans were writing the escalator of upward mobility, thanks to booming economy and federal support for homeownership and college education, african-americans were still living in a segregated world in which they were largely denied virtually all of these benefits. that only changed beginning in the late '60s after the passage of civil rights and other laws come and really into the early '70s before mortgages and so forth became available. so african-americans began putting their first foot on the escalator at the very earliest in the late '60s, after 30 years of whites moving from a te lower middle class to the middle class and beyond am only fended african-americans begin. and it was about that time that the escalator begin to get kind of creaky. and wages begin to stagnate and unique jobs and manufacturing began to disappear. and african-americans are buying homes in precisely the communities, the inner cities, that are being abandoned by everybody else. so what you see is not that happens, but past racism and bad timing that explains this profound difference.
NBC
Jan 31, 2013 4:30am PST
losing a bit of ground yesterday. investors reacting to a report showing that the economy contracted during the final three months of last year. now it's the first negative print on gdp since the spring of 2009 due to a big drop in defense spending and uncertainty over the fiscal cliff. we'll get data on personal income and spending and manufacturing. look for that. meantime, the dow closed 44 points lower yesterday to 13,910. the nasdaq down 11 to 3142. remember the major indices are still on track for the best january in years. okay. back to the twinkies for a second. you can definitely stop hoarding them. the iconic log shape pound cake with a cream feeling has been saved. they will pay $410 million. metropolis owns pabst brewing. >> all right. thank you very much. >>> 4:47. sounds like mother nature is being kind. >> she's being gratuitous. 70s in the middle of winter. you have to love that. today you'll hit 70s in the beach cities. you'll have to hold on for me to show you which one. 36 degrees to start you out in napa. 44 in san francisco. let's talk about what's happening righ
CSPAN
Feb 5, 2013 11:00pm EST
providing as we document the women and the economy as well as all pakistani citizens in what is known as the first nic computerize card. use this card and you don't have to be literate to use this to access benefit, such as the first branch of health care based on these cards. they access the income they can seek. they have assisted people and the natural disasters that took place in seeking a flood relief and disaster relief support and now they will be moving to health care benefits. this is as a long-term plan of course, but this is really the only way forward. women are at the center of development and poverty elimination at the heart of our core strategy. >> what about the challenges? >> as you know, women face challengers across the board, but i'm happy to say we report a higher number of decision-makers as well as a parliament that many leading economies and women women -- that makes a huge difference to both mainstream women's challenging issues in the public domain and also flag and what is important, which is why we were able to bring what i call flagship legislation called
NBC
Jan 31, 2013 6:00am PST
trying to digest yesterday's shocker that the american economy actually shrank last quarter. tomorrow we get the january jobs report. lots of numbers to chew over. internet talking about wednesday's big blackberry event. a company known as research in motion unveiling new phones calling itself blackberry now announcing a new global creative director. alicia keys. yes. that alicia keys. she says she loves blackberry. it's the coolest phone ever. as of yesterday though some hackers say she was still tweeting on an iphone. i checked. she's tweeting on a blackberry this morning. >> no longer on fire. thank you. >>> 6:56 right now. one final check on the day's top stories. we continue to follow a major traffic story that could affect your morning commute. crews still out there trying to clean up that fuel spill that resulted from a big rig crash in sunnyvale that happened early this morning on northbound 101. mike will be along in just a few moments with a traffic update. >>> oakland is suing to keep a medical marijuana club open. a san francisco federal judge will consider the s
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